Brilliant peer review analysis PaullyD. With recent SP slide, I've been questioning is this a buy.
So read back all announcements to as far as I could to see what progress they have made on asset since they held it.
Went back to 9th Dec 2008.
Has raised the question. What have they been doing/accomplished the last 13 years?
They had the asset, similar resource size and grade to current work done.
Plan back then showed project viable at sub $20k per ton, 2008 Development plan below;
Resource at time was based on below resource from work at 2007
Any long term holders here with compelling reason for lack of development to entice new share holders in?
Looks like a lifestyle company on surface.
Am guessing its too deep, structural issues or some issue that makes mining impossible.
